Bacardi Ltd. announced it has cut about 10% of its North American staff in an effort to reduce costs, according to the
Wall Street Journal
.
Bacardi is a privately held company and controlled by about 500 Bacardi family members, according to the article.
Bacardi has an estimated 9% share of the U.S. spirits market, behind publicly traded Diageo PLC, privately held Beam Suntory Inc. and privately held Sazerac Company Inc. (Source:
Wall Street Journal
, April 9, 2015).
-
915 reads